All Property Week articles in 27 February 2004 – Page 2
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News
FSA gives thumbs up to property investors
Watchdog to take no action to regulate investment sector
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Markets
FPDSavills’ land price index
Last week in our report on FPDSavills’ latest land price index, the key to the accompanying UK map incorrectly transposed annual growth rates with quarterly figures. As readers of the main article will no doubt have realised, the 19.4 per cent growth rate for the Eastern region, for instance, was ...
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Markets
A small fortune
Land agents and developers are getting excited about a tiny plot of land in Oxford. Stuart Watson reports on how a meagre eight acres has managed to cause such a furore
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News
Lingerie firm opens first Irish store
La Senza is making its first move into Ireland by signing up to Morley Fund Management and Grosvenor ’s Liffey Valley shopping centre in Dublin. The lingerie retailer is taking 4,130 sq ft (384 sq m) on a 20-year lease at ¤395,000 (£272,427) a year. The store will open ...
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News
Kuwaitis secure Essex shed
Kuwait Finance House has taken its UK acquisitions to £130m in six months with the purchase of a £24m industrial investment in Essex. Al Manar, a managed fund of Kuwait Finance House, has bought the Unilever warehouse in West Thurrock from Scottish Widows , in a deal reflecting a ...
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News
… as Middle Eastern investors’ hunger grows
Cushman & Wakefield Healey & Baker opened up its operation in Dubai seven years ago, with a view to harnessing the wealth of the Gulf State’s private investor. According to Middle East head Tim Weale, in the past 30 years wealthy Arabian individuals only invested in European property ...
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News
Savills and DTZ still red hot
Savills and DTZ , two of the three best-performing property shares last year, continue to soar. In advance of its 2003 results, due out next week, Savills tipped the 400p mark on Tuesday this week for the first time ever. Having been the top property share last year ...
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News
Mentmore talks drive shares up
Shares in self-storage company Mentmore reached a two-year high this week after it announced it was in detailed discussions with a ‘selected’ number of parties regarding a takeover. The shares peaked at 111p before falling back slightly during the week to around 108p, as City gossip suggested a venture capital-backed ...
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Markets
Delay of the land
The council has set in motion ambitious plans to revive Crawley town centre, but both the retail and office sectors face delays and frustrations.
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News
M&S Lifestore makes debut in Gateshead
Marks & Spencer unveiled its first Lifestore this week in Gateshead, Tyne and Wear. The chain believes it can become a force in home furnishings and is planning more of Lifestores in Kingston upon Thames, due to open this summer, and Lakeside Retail Park in Thurrock, in 2005. The ...
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Insight
Two years on, and industrial finally gets its day in the sun
Since equities started collapsing in late 2001, property has been gripped by an investment frenzy. Retail parks and shopping centres have flown out of the door, and even offices with medium-term lease expiries in secondary locations have caught voracious investors' eyes. Yet one sector has remained relatively untouched: industrial.
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News
Ronson seeks consent for Heron Tower's next-door neighbour
Gerald Ronson 's Heron International has submitted a planning application for the second phase of its Heron Plaza development in the City of London. The scheme, next to Heron's consented tower at 110 Bishopsgate, EC2, involves a new 24-storey development on the site of Staple Hall on Houndsditch, with ...
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News
DTZ takes Colliers pair
DTZ has raided Colliers CRE to form a new team specialising in corporate recovery. DTZ has appointed Richard Stanley as a director and Jemma McAndrew as associate to set up the new function. The pair are experienced in advising banks on valuation and disposal issues surrounding the properties ...
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Markets
Coast guard
After completing the £45m Waterfront at Brighton Marina, developer Parkridge is seeking a JV partner for the rest of the site.
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News
Inner City: James Whitmore
If GE Capital ends up buying Benchmark at close to the high asking price of 300p a share, then it would represent a remarkably successful outcome to a most bizarre three-month sales process. Not only will Benchmark's shareholders, notably Friends Provident and Guocoland with 70% between them, be delighted, ...
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News
CWHB Gulf chief returns to London …
Tim Weale joins Portman Square team to target Middle Eastern investors
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News
Reubens in chase for UCI
THE Reuben brothers and Guy Hands’ Terra Firma are considering entering the bidding for the £500m UCI cinema chain in the latest move by entrepreneurs interested in buying property-backed businesses. Simon and David Reuben, who own a number of properties, mainly in London, are backing Michael Green , the former ...
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News
CABE chief on the move
Commission for Architecture and the Built Environment ( CABE ) chief executive Jon Rouse is to become chief executive of the Housing Corporation. Rouse, who has gained a name for building up CABE with chairman Sir Stuart Lipton and deputy chairman Paul Finch into a powerful voice on development ...
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News
Gazeley buys Hants site
Gazeley Properties is set to buy a key Hampshire industrial site from Qinetiq, the former Defence Research Agency. Qinetiq is selling the 50 acre (20 ha) Pyestock site near Farnborough, which could accommodate a distribution park of up to 1m sq ft (92,900 sq m). Gazeley has beaten rivals that ...
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